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Joining a nonprofit board can be a meaningful way to put your experience and expertise to work for a cause you care about. But before you say yes, it's worth understanding what comes with the seat.
On this episode of Between Sips, Jessica Gibbs, CFP®, turns the tables on co-host Emily Harper, CFP®, to talk about Emily's recent experience joining the board of the Community Foundation for Northern Virginia.
Emily shares what the process actually looked like, what surprised her along the way, and why finding the right board is a two-way decision. They discuss the questions prospective board members should ask about time, fundraising and financial commitments, the important distinction between governance and day-to-day operations, and how your professional skills, judgment and network can create value beyond writing a check.
The conversation also expands into a bigger question: What do you want your giving to accomplish?
Jessica and Emily explore the difference between tax-efficient and effective giving, how donor-advised funds and multi-year commitments can be used more intentionally, and why "time, talent and treasure" can be a useful framework for thinking about your own impact.
If nonprofit board service has been on your radar, this episode offers a practical look at what to consider before you take a seat at the table.
☕ Today's sip: Epic Goat Espresso from Hyper Goat Roasters, a local Alexandria roaster focused on crafting exceptional coffee through ethical labor and environmental respect.
0:00 — What We're Sippin' on Today
0:55 - Why Serve On A Charitable Board
2:47 - Time Talent Treasure And Mission Fit
6:52 - The Slow Reality Of Board Recruiting
11:02 - Fiduciary Duties And Real Board Work
14:31 - Strategic Giving That Actually Helps
20:46 - Community Foundations As Local Connectors
26:24 - First Steps Before You Say Yes
30:02 - Wrap Up And Ways To Follow Along
Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures
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Connect with Jessica on LinkedIn: https://www.linkedin.com/in/jessicagibbscfp/
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Listen to Off The Wall, our podcast with market analysis: https://monumentwealthmanagement.com/off-the-wall-podcast/
